INVENTORIES

9 Months Ended

Sep. 30, 2022

INVENTORIES

INVENTORIES

NOTE 7 INVENTORIES

Inventories at September 30, 2022 and December 31, 2021 consisted of the following:

	September 30, 2022		December 31, 2021
Material on leach pads	$	8,425	$	4,660
In-process inventory		4,203		3,049
Stockpiles		14,010		5,105
Precious metals		1,550		1,819
Materials and supplies		6,807		3,702
	$	34,995	$	18,335
Less long-term portion		(4,843)		(2,543)
Current portion	$	30,152	$	15,792

During the nine months ended September 30, 2022, inventory at the Black Fox, El Gallo and Gold Bar operation were written down to their estimated net realizable value by $1.6 million, $4.6 million and $nil respectively. During the nine months ended September 30, 2021, inventory at the Black Fox, El Gallo and Gold Bar operation were written down to their estimated net realizable value by $0.4 million, $2.5 million and $1.4 million respectively. Of these write-downs, a total of $5.9 million (nine months ended September 30, 2021 – $4.0 million) was included in production costs applicable to sales and $0.3 million was included in depreciation and depletion (nine months ended September 30, 2021 - $0.3 million) in the Statement of Operations.